LOS ANGELES, CA -- (MARKET WIRE) -- January 17, 2007 -- Tank Sports, Inc. (OTCBB: TNSP) has filed
its 10-QSB for the 3rd fiscal quarter ended on Nov. 30, 2006. For the first
9 months of 2006, its revenues reached $7.79 million, a 36% increase as
compared to $5.72 million in revenues for the same period ended November
30, 2005. At the same time, the gross profit for the 9 month period ended
November 30, 2006 was $2.31 million, a 49% increase as compared to $1.55
million for the same period ended November 30, 2005, while dealer numbers
increased to 252, or 27% compared to the same period.

When being asked how the company accomplished these results despite the
competitive market situation, Ms Jingjing Long, Chief Operation Officer of
the company, says, "We have been very persistent with our business
development plan. First, we stick with our enterprise core values by
providing high performance power sports products at value added pricing. We
launched Vision 250E motorcycle, 150T-12 Scooter and a new version of 400
ATV, all with our proprietorship design and development. Secondly, we took
the company public, which gave us a lot of drive to run business in a very
professional and disciplined way, which opens up a door to access more
growth capital. Looking forward, we feel even more confident than ever with
our growth in year 2007. Because our merger with Redcat Motors is moving
smoothly to integrate the company's ERP system, 350 plus dealers, well
management organization, and $15.8 million (unaudited) in revenues in
2006. With broader product mix and lowered costs to all our dealers after
the merger, we will be in a better position to support both companies'
dealers with a more profitable and competitive dealership business."

Tank Sports is a leading company that develops, engineers, and markets high
performance on-road motorcycles & scooters, off-road all-terrain vehicles
(ATVs), dirt bikes and Go Karts through OEMs in China. It utilizes the
so-called "China Concept" to participate in the $31.5 billion/year
motorcycle/ATV market (data: Motor Industry Council).

Safe Harbor Statement

The foregoing news release includes numerous forward-looking statements
concerning the company's business and future prospects and other similar
statements that do not concern matters of historical fact. The federal
securities laws provide a limited "safe harbor'' for certain
forward-looking statements. Forward-looking statements in this news
release relating to business developments are based on the company's
current expectations. The company's current expectations are subject to all
of the uncertainties and risks customarily associated with small business
ventures including, but not limited to, market conditions, successful
product development and acceptance, competition and overall economic
conditions, as well as the risk of adverse regulatory actions. The
company's actual results may differ materially from current expectations.
Readers are cautioned not to put undue reliance on forward-looking
statements. The company disclaims any intent or obligation to update
publicly these
forward-looking statements, whether as a result of new information, future
events or for any other reason.